Among the many Republican presidents, Abraham Lincoln and Dwight Eisenhower anticipated the current self-reinforcing aggregation of wealth and power to corporations and the already-wealthy. In 1864, in a letter to William F. Elkins, Lincoln wrote: “As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power … [Read more...] about Two Republicans Who Saw the Danger
One of the videos in Tom Ulrich's email the other day shows former Secretary of Labor Robert Reich giving a clear, easy-to-understand explanation of what happened to the economy and why—in only 2 minutes! Here it is: http://www.youtube.com/watch?v=JTzMqm2TwgE In later posts to his blog, Reich covers two related concerns: Why Medicare Is the Solution, Not the Problem The … [Read more...] about Why All the Fuss About Cutting Spending is Nonsense!
If we could travel to 1961, we could listen to outgoing President Dwight Eisenhower warning of the military-industrial complex. [Actually, the penultimate draft of his speech was more accurate—he called it the military-industrial-Congressional complex.] His farewell address included more than this general warning, however. Here's a more complete excerpt: ‘...Until the latest of … [Read more...] about Back to the Future